Page 38 - 2020 Benefits Guide

Health FSA & LPFSA

What are they, and should I consider enrolling? Enrollment in these
The Company offers two types of accounts that may reimburse accounts is never
you for your eligible out-of-pocket expenses; a Health Care automatic. It is
Flexible Spending Account (FSA) and a Limited Purpose Flexible mandatory that you
Spending Account (LPFSA). actively enroll in your
FSA each year.
Health FSA LPFSA
Which medical plan Standard PPO Consumer HDHP with HSA
is this account Consumer HDHP
available for? You don’t need to be enrolled in
a medical plan to contribute to a
Health FSA.
What would I use Eligible healthcare expenses, This health care account
this account for? including dental, vision and is only available if you are
prescription medication contributing to an HSA and
expenses. you can only use it for eligible
vision and dental expenses.
What is the $2,700 - the IRS pre-tax $2,700 - the IRS pre-tax
maximum amount contribution limit as of this contribution limit
I can contribute to writing as of this writing
this account?
When are the funds Your entire goal amount is Your entire goal amount is
available? available at the beginning of the available at the beginning of
benefit period. the benefit period.

What happens You will forfeit amounts not You will forfeit amounts not
if I don’t use the claimed for expenses incurred claimed for expenses incurred
money during the during the benefit period. during the benefit period.
year?
Contribution Yes Yes, to end of year in which
allowed for Medicare enrollment first
Medicare enrolled? occurs
Provider Contact WageWorks - 1-877-924-3967 WageWorks - 1-877-924-3967

How to File FSA Claims
File claims with WageWorks through March 31, 2021 for 2020 FSA expenses
incurred through December 31, 2020. Log on to www.wageworks.com or
use the WageWorks EZ Receipts mobile app, available in the App Store and
Google Play.

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